Back to www.cobrasmarketview.com

   

08/28/2017 Live Update

Re: 08/28/2017 Live Update

Postby Al_Dente » Mon Aug 28, 2017 1:53 pm

this morning the HEAT MAP showed red banks and red oil
now reds are popping up all over
http://finviz.com/map.ashx
User avatar
Al_Dente
 
Posts: 18791
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/28/2017 Live Update

Postby Al_Dente » Mon Aug 28, 2017 1:56 pm

Old news, this morning AMZN reduced prices on Whole Foods stuff as much as 43% :o
User avatar
Al_Dente
 
Posts: 18791
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/28/2017 Live Update

Postby Al_Dente » Mon Aug 28, 2017 2:47 pm

my stockcharts is broken
anyone else?
User avatar
Al_Dente
 
Posts: 18791
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/28/2017 Live Update

Postby Al_Dente » Mon Aug 28, 2017 3:00 pm

HAPPY HOUR
Image
User avatar
Al_Dente
 
Posts: 18791
Joined: Thu Jul 21, 2011 2:29 pm

Re: 08/28/2017 Live Update

Postby Wallstreetrader » Mon Aug 28, 2017 3:04 pm

...
Last edited by Wallstreetrader on Wed Oct 11, 2017 12:21 pm, edited 1 time in total.
Bull Market No dought !
Wallstreetrader
 
Posts: 862
Joined: Thu Mar 17, 2011 12:00 pm

Re: 08/28/2017 Live Update

Postby Mr. BachNut » Mon Aug 28, 2017 3:18 pm

Greetings all.

The NYMO cycle is up.
It has climbed a long way to the zero line.
So, it is possible this is all corrective.
If so, Cycle should turn back down probably by end of week.
On the other hand, it can climb quite a ways to the up side.

Price has recovered from last weeks lows and is joggling about the middle keltner and 50 day MA.
This is neutral. The question is whether it decides to take a trip back to the upper keltner or go down to the lower keltner.
Problematic for bulls is that the magenta internal trend line I have been tracking got busted and got a nice kiss good bye.
The upper keltner appears to be rolling over too, which is not a good sign.
However, I do have a gap target at SPX 2468.11. This bull market has been very diligent about closing up gaps.
A move that closes the gap but fails to break the 8/16 highs or recapture the broken trend line could be interesting from a bear perspective.
I have gap targets below as well, which are intriguing as the 200 day MA looks like it will soon converge with the lower keltner.

I have left marked with light blue lines all the unclosed gaps over the last year that have been left behind. Amazing.
Perhaps the most important gap I have marked in orange, the opening gap for the year.
Typically, the January low is not the low for the year (though it was in 2013).
A vigorous 10% bull market correction from the August high could close that gap and would not be remarkable historically.
This is NOT a prediction. I have no idea what will happen.
It is just interesting to ponder that a kind of normal 10 % correction is probably inconceivable to most market participants right now.
Yet many could list events and things that could trigger such a thing.

I am a little long on two setups. I don't trust the action in this light pre-holiday week so I am honoring the protocol with small size.
I am prepared to close out and reverse if things break down.
I don't expect a big thrust one way or the other until September.
Attachments
NYMO 082817.jpg
User avatar
Mr. BachNut
 
Posts: 2290
Joined: Thu Feb 24, 2011 2:28 pm

Re: 08/28/2017 Live Update

Postby Trades with cats » Mon Aug 28, 2017 3:21 pm

ES 09-17 (15 Min)  8_28_2017.jpg
15 minute regular trading hours


Still on hold waiting for something to trigger a move. Right to left lighter color is a weekly.
Trades with cats
 
Posts: 3969
Joined: Sat Oct 11, 2014 4:40 pm

Re: 08/28/2017 Live Update

Postby Cobra » Mon Aug 28, 2017 3:31 pm

bias is up.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38198
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/28/2017 Live Update

Postby Cobra » Mon Aug 28, 2017 3:56 pm


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38198
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/28/2017 Live Update

Postby Cobra » Mon Aug 28, 2017 3:57 pm

well, guess that's it for today. Tuesday tomorrow has been mixed recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38198
Joined: Sat Feb 12, 2011 10:29 pm


Re: 08/28/2017 Live Update

Postby fehro » Mon Aug 28, 2017 7:00 pm

SPX fills July 28th gap.. support here at 2427… futures bouncing
fehro
 
Posts: 21142
Joined: Fri Sep 02, 2011 2:06 pm

Previous

Return to Traders Lounge

Who is online

Users browsing this forum: Bing [Bot] and 7 guests